TMAC Resources Inc

In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The news follows Zijin Mining’s acquisition of Continental Gold in March for C$1.3…

NUNAVUT – TMAC Resources has released key results from a prefeasibility study completed for its wholly owned Hope Bay property, which includes an operating mine. Last year, Hope Bay produced 139,510 oz. of gold; with release of its fourth quarter…

Production in the fourth quarter at TMAC Resources’ struggling Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review process. The deferral of mining in the BTD East Limb due to…

Ghana-focused miner Asanko Gold has announced the resignation of William Smart from its board. Judith Mosely has been appointed to the board effective Jan. 1, replacing Smart. Engineer Gold, focused on the advancement of the Engineer Gold property in B.C.,…

NUNAVUT – Construction has started on the Madrid North underground portal at Madrid North gold deposit, part of Toronto’s TMAC Resources 100% owned Hope Bay mine 65 km east of Bathurst Inlet. Development will access the first production stopes in…

NUNAVUT – Toronto-based TMAC Resources continues its underground expansion and in-fill drilling at the Doris North BTD Extension zone at the Hope Bay gold mine 65 km east of Bathurst Inlet. The work has confirmed the continuity of high grade…

Lithion Energy Corp. of Vancouver has name Warren Gilman as chairman and Alex Granger as CEO. Gilman is a mining engineer and a founder of CIBC’s Global Mining Team in 1988. Granger is also managing director of Xela Group, a…

TORONTO – TMAC Resources has recorded its first positive earnings for Q1 2019. The quarterly revenue was C$67.9 million (compared to C$33.0 million in the same quarter a year earlier). That translated into a comprehensive profit of C$7.2 million for…

NUNAVUT – With the receipt of Type A water licences, Toronto-based TMAC Resources has completed the permitting of its Madrid (both north and south) and Boston gold deposits. The Minister of Intergovernmental and Northern Affairs approved the licences, as recommended…

NUNAVUT – Toronto-based TMAC Resources continues to drill high grades and good widths at its Hope Bay gold project. This year’s campaign focused on the Doris mine and the Madrid North deposit. Drilling at Doris continues to upgrade confidence in…